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Move over Muskoka. Word is getting out about Canada's new playground for the rich - National Post

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National Post·
Business

Move over Muskoka. Word is getting out about Canada's new playground for the rich - Yahoo News Canada

Nova Scotia is undergoing an evolution as Americans and Europeans, as well as Canadians with deep pockets, discover Canada's new playground for the rich. People flocked to Nova Scotia during the pandemic when they realized they could have more house and a quieter lifestyle, not to mention spectacular scenery, beaches and world-famous golf. That's when Fox Harb'r owners decided to expand their exclusive five-star Fox Harb'r Golf Resort on the Northumberland Strait that separates Prince Edward Island from Nova Scotia. Ron Joyce, who helped build the Tim Hortons empire, was among the first entrepreneurs to plunge into high-end tourism in the province where he was born. He opened an 18-hole golf course and resort with a private jet runway in 2000 that receives 200 guests a season. Now, 26 years later, the current owners have invested another $45 million in a multi-year project that will add two new courses with ocean views, both opening in spring 2027. They are also building 20 luxury housing units a year. The Wallace Townhouses that went up for sale last year at a cool $1.6 million, are already 60 per cent sold, says Kevin Toth, president of Fox Harb'r Resort.

Yahoo News Canada·
Business

She wanted to know why she was banned from Amazon. Then she encountered chatbots - CTV News

AtlanticNova ScotiaNew BrunswickPrince Edward Island Newfoundland and LabradorCalgaryLethbridgeKitchenerGuelphNorthern OntarioSudburyNorth BaySault Ste. MarieTimminsOttawaKingstonBrockvillePembrokeReginaYorktonSaskatoonPrince AlbertTorontoWatchWeatherPeelHamiltonDurhamYorkHaltonNiagaraQueen's ParkToronto City HallIn PicturesVancouverVancouver IslandCanadaLocal SpotlightRoyal FamilyPoliticsNanosPower PlayQuestion PeriodFederal Election 2025WorldMideast ConflictRussia-Ukraine WarWatchLatestCaptured on CameraPoliticsLifestyleConsumerHealthExplainedEntertainmentTechnologyDeception DecodedAutosEnvironmentBusinessInflationReal EstateAutos

CTV News·
Business

She wanted to know why she was banned from Amazon. Then she encountered chatbots - CP24

Published: October 15, 2026 at 6:00a.m. EDTAn Ontario woman is searching for answers after her Amazon account was blocked with no explanation. Pat Foran reports. A Mississauga woman who makes her weekly personal purchases on Amazon was shocked when she was advised she was banned from ordering over what she calls a “technical glitch.”“I buy from Amazon. I have health issues. I have fibromyalgia, my energy is limited, I have a lot of pain, and I depend on them to have stuff delivered to my door. It’s so convenient,” said Sharon Jamison. While she has returned items in the past, Jamison said she always followed the return policy carefully. However, it was this past summer that she was blocked from making future orders and banned from Amazon. It happened after she decided to go through the purchase of a portable air conditioner—an order that she previously cancelled. Ontario woman shocked to discover Amazon blocked her account She told CTV News she was immediately blocked from making future orders and was banned from the website.

CP24·
Business

Business leaders strongly support tax reform ahead of 2026 budget, KPMG survey finds - The Globe and Mail

Business leaders strongly support a major overhaul of Canada’s tax system as a way of boosting economic growth, according to a survey conducted for KPMG ahead of the federal budget. The survey asked 346 business owners and decision-makers who work at businesses in Canada with annual gross revenue of $10-million to $1-billion or more for their views on what Ottawa should prioritize in this year’s budget. Nearly nine in 10 respondents said Canada needs to conduct a comprehensive review of the tax system.

The Globe and Mail·
Business

Suddenly, bonds are reclaiming their status as a safe haven - The Globe and Mail

A rude awakening over the debt-fueled AI binge has sent investors rushing out of stocks and into government bonds, which now seem to be reclaiming their status as a safe haven and a hedge against equity and credit market wobbles. For much of the year, bonds have ⁠offered little ​protection as inflationary pressure pushed borrowing costs to multi-decade highs, leaving investors warily looking to hedge funds and other assets as alternatives. But on Wednesday, something strange happened: Treasuries and other government bonds rallied sharply, despite a hotter-than-expected US inflation report, which left chances of a US rate hike from the Federal Reserve this year on the table.

The Globe and Mail·
Business

TSX rises as lower bond yields offset tech, energy weakness - The Globe and Mail

The S&P 500 ended higher on Thursday, springing back from early losses as investors concerned about AI stocks shifted into Eli Lilly, UnitedHealth and other health care and consumer stocks. Several technology stocks ⁠fell, as ​investors scrutinized AI-related companies whose debt loads leave them vulnerable to rising interest rates. Canada’s main stock index rose 1.55%, assisted by strong gains in the materials sector as gold prices bounced back. Drugmaker Eli Lilly gained over 3% in New York, UnitedHealth added 2.8% and Walmart rose 1.4% after rating upgrades by Deutsche Bank. Those three companies were heavy contributors to the S&P 500’s gain for the session.

The Globe and Mail·
Business

Before the Bell: What every Canadian investor needs to know today - The Globe and Mail

EquitiesGlobal markets were mixed in nervous trading as a selloff in AI-related stocks deepened on fears that higher interest rates will make it harder for companies to fund AI investments. Wall Street futures diverged, with the tech-heavy Nasdaq down more than 1 per cent after yesterday’s hotter-than-expected U. TSX futures pointed higher after Canada’s main stock exchanged closed lower yesterday. On Wall Street, markets are watching earnings from Taiwan Semiconductor Manufacturing Company Ltd., Charles Schwab Corp., Prologis Inc., Bank of New York Mellon Corp., U. Bancorp and PNC Financial Services Group Inc.

The Globe and Mail·
Business

Toronto housing prices will continue to fall until the end of the year, report predicts - Toronto Star

Toronto home prices are forecast to continue falling in the fourth quarter, according to a new Royal LePage report. For years Toronto and Vancouver were the country’s hottest real estate markets, but Royal LePage predicts prices in both cities will continue to slip slightly, the only two Canadian metropolitan regions that will see drops in the final quarter of the year. The report, released Thursday, predicts that the Greater Toronto Area and Greater Vancouver Area will see aggregate price drops of two and 4.5 per cent, respectively, in the fourth quarter of 2026, compared to the same period last year.

Toronto Star·
Business

After Doug Ford’s threats to cut power to States, Ontario set to import U.S. electricity this winter - Toronto Star

The contract to import 600-megawatts of electricity from the U. S. is to begin Nov. 1 and will help cover power shortfalls during maintenance at the Pickering and Darlington nuclear plants. Only weeks after Premier Doug Ford threatened to cut off electricity exports to the United States as retaliation in the ongoing trade war, Ontario has signed a contract to import electricity from New York state through the winter. The 600-megawatt contract starting Nov. 1 will provide power to compensate for “facility maintenance,” the Independent Electricity System Operator said in its announcement of the deal, without being more specific.

Toronto Star·
Business

Nearly 2,000 young nurses left the profession in Quebec in 2024 - CTV News

AtlanticNova ScotiaNew BrunswickPrince Edward Island Newfoundland and LabradorCalgaryLethbridgeKitchenerGuelphNorthern OntarioSudburyNorth BaySault Ste. MarieTimminsOttawaKingstonBrockvillePembrokeReginaYorktonSaskatoonPrince AlbertTorontoWatchWeatherPeelHamiltonDurhamYorkHaltonNiagaraQueen's ParkToronto City HallIn PicturesVancouverVancouver IslandCanadaLocal SpotlightRoyal FamilyPoliticsNanosPower PlayQuestion PeriodFederal Election 2025WorldMideast ConflictRussia-Ukraine WarWatchLatestCaptured on CameraPoliticsLifestyleConsumerHealthExplainedEntertainmentTechnologyDeception DecodedAutosEnvironmentBusinessInflationReal EstateAutos

CTV News·
Business

How infrastructure turns everyday payments into retirement income - The Globe and Mail

Open this photo in gallery:Investments in infrastructure assets, like renewable energy, can create contracted, long-term cash flows. GETTY IMAGESAn electricity bill or highway toll rarely conjures retirement planning. Yet, those routine payments can generate cash flow that directly funds those golden years. People drive on roads every day,” says Gitesh Goyal, head of private debt at CIBC Global Asset Management. That enduring demand gives infrastructure its investment appeal. Transportation networks and utilities can produce revenue for decades.

The Globe and Mail·
Business

Chevron CEO warns oil buffers that cushioned the Iran war shock have been ‘drained’ - Fortune

The Iran war has pushed fuel prices to record highs, and the head of America’s second-largest oil company says the world has run out of easy ways to absorb the shock. “Those are all buffers in the system that have bought us time, but they’ve been drained,” Chevron CEO Mike Wirth told CNBC’s Squawk Box Europe on Oct. 7. “And so we’re at much lower levels of inventory right now, and it makes the system more vulnerable to disruption.”

Fortune·